Global Beacon market anticipated CAGR 16.05% During the forecast 2018 to 2026

Posted by Arslan on January 10th, 2019

In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Beacon Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

The “Beacon Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026” report provides analysis of the beacon market for the period 2016–2026, wherein the years from 2018 to 2026 is the forecast period and 2017 is considered as the base year. Data for 2016 has been included as historical information. The report covers all the trends and technologies playing a major role in the growth of the beacon market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during this period. The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Mn) and volume (thousand units) across different geographical regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights the key trends affecting the market on a global scale. Furthermore, region wise prominent countries/regions covered in the report includes the U.S, Canada, Germany, France, U.K, India, China, Japan, GCC countries, South Africa, and Brazil.

This report analyzes and forecasts the beacon market at the global and regional level. The market has been forecasted based on revenue (US$ Mn) and volume (thousand units) from 2018 to 2026. The study includes drivers and restraints of the global beacon market. It also covers the impact of these drivers and restraints during the forecast period. The report comprises a detailed value chain analysis which provides a comprehensive view of the global beacon market. Porter’s Five Forces model for the market has also been included to help understand the competitive landscape in the market. The study encompasses a market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

This research study on the global beacon market provides a detailed cross segment and cross country analysis based on the different segments including end-use industry, technology, and component. Based on application, the global beacon market is segmented into Retail, Advertising, and Manufacturing, Transportation and Logistics, Healthcare and Others. Others include Sports and Museum. Additionally, by Technology, the global beacon market is segmented into iBeacon, Eddystone and others. Others include AltBeacon and GeoBeacon. By component, the market is segmented into hardware and software.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, Factiva, etc.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These helps us to validate and strengthen secondary research findings. These also help to develop the analysis team’s market expertise and understanding.

The report highlights well established players of the market including Aruba Networks Inc, Gimbal, Estimote Inc., Kontakt.io and Radius Networks, Inc. among others. These key players are looking to capture larger market share by innovating novel beacon lights. For instance, in June 2017, Aruba Networks Inc. has further altered its offerings which uses Internet of Things (IoT), by introducing a location based asset tracking solution in collaboration with its wireless platforms. This can have a positive impact on the beacon offerings of the company. Additionally, in April 2018, Kontakt.io formed a partnership with Cassia Networks, a Bluetooth IoT solution provider to offer enhanced Bluetooth beacon offerings to its customers.